Teachers Advisors LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,562,583 shares of the industrial products company’s stock after purchasing an additional 3,531 shares during the period. Teachers Advisors LLC owned approximately 0.26% of Caterpillar worth $246,232,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in CAT. Swiss National Bank grew its stake in Caterpillar by 0.4% in the fourth quarter. Swiss National Bank now owns 2,179,616 shares of the industrial products company’s stock valued at $343,464,000 after purchasing an additional 7,900 shares in the last quarter. Schroder Investment Management Group grew its stake in Caterpillar by 7.6% in the fourth quarter. Schroder Investment Management Group now owns 770,480 shares of the industrial products company’s stock valued at $121,411,000 after purchasing an additional 54,661 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Caterpillar by 9.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock valued at $5,995,000 after purchasing an additional 4,291 shares in the last quarter. Wealthsource Partners LLC purchased a new position in Caterpillar in the second quarter valued at about $316,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Caterpillar by 18.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock worth $18,979,000 after acquiring an additional 23,749 shares in the last quarter. 69.22% of the stock is currently owned by institutional investors.
Caterpillar stock traded down $5.06 during trading on Monday, reaching $151.40. The company had a trading volume of 3,000,541 shares, compared to its average volume of 6,468,223. Caterpillar Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $173.24. The company has a market capitalization of $93,504.54, a PE ratio of 120.28, a P/E/G ratio of 1.43 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The company had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s revenue was up 34.7% on a year-over-year basis. sell-side analysts anticipate that Caterpillar Inc. will post 9.1 earnings per share for the current year.
Several equities analysts have commented on CAT shares. Citigroup upped their price target on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. Vetr raised Caterpillar from a “hold” rating to a “buy” rating and set a $170.44 target price for the company in a report on Monday, January 29th. Bank of America reissued a “buy” rating and issued a $189.00 target price (up from $158.00) on shares of Caterpillar in a report on Friday, January 12th. ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, UBS set a $180.00 price target on Caterpillar and gave the stock a “buy” rating in a research report on Friday, January 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $170.91.
In other news, General Counsel Suzette M. Long sold 528 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total transaction of $84,722.88. Following the completion of the transaction, the general counsel now directly owns 19,646 shares in the company, valued at $3,152,397.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas A. Pellette sold 95,199 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the sale, the insider now directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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